Listing Business Personal Property
All individuals, partnerships, corporations and associations, who, on January 1, own, control, or possess any amount of leasehold improvements or tangible personal property used or held for a business purpose is required to fill out a listing form and submit it to the Vance County Tax Office during the regular listing period. The listing period is from January 1 through January 31. Listing forms that are mailed to the Tax Office must be postmarked by the U.S. Postal Service or overnight courier by January 31. If no date is shown on the postmark, or if the postmark is not affixed by the U.S. Postal Service or overnight courier, the listing shall be deemed to be filed when received by the Vance County Tax Office.
Businesses may request an extension to file their business personal property. The deadline to request an extension is January 31. If approved, the listing period is extended until April 15. Listing forms that are mailed to the Tax Office must be postmarked by the U.S. Postal Service or overnight courier by April 15. If no date is shown on the postmark, or if the postmark is not affixed by the U.S. Postal Service or overnight courier, the listing shall be deemed to be filed when received by the Vance County Tax Office.
Late listings are subject to penalties per North Carolina General Statute 105-312(h). The penalty for failing to list and for under-listing is significant and may apply to the current year, plus five years back.
Please note: All businesses within Vance County’s jurisdiction may be subject to audits for tax compliance purposes.
Appealing Business Personal Property
As per North Carolina General Statute 105-317.1(c), a taxpayer who owns personal property taxable in Vance County may appeal the value, situs or taxability of the property within 30 days of the date of the initial notice of value. If the assessor does not give separate written notice of the value to the taxpayer at the taxpayer’s last known address, then the tax bill serves as notice of value of the personal property. Upon receipt of a timely appeal, the Vance County Tax Office will arrange a conference with the taxpayer to afford the taxpayer the opportunity to present any evidence or argument regarding the value, situs or taxability of the property. Within 30 days after the conference, the Tax Office will provide notice to the taxpayer of its final decision. If an agreement is not reached, the taxpayer has 30 days from the date of the notice of the Tax Office’s final decision to request a review of that decision by the Board of County Commissioners. Unless the request for review is given at the conference, it must be made in writing to:
Vance County Tax Office
122 Young St., Ste. E
Henderson, NC 27536